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Determinants of well-being

Cristina Pereira, Herm\'inia Gon\c{c}alves and Teresa Sequeira

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Abstract: Traditionally, European social policies have focused on material well-being and social justice, neglecting subjective indicators. This review systematically examines the scientific understanding of well-being, its indicators, and its relationship with governance. It suggests that political systems and institutions significantly impact well-being, and that subjective indicators should be incorporated into public policy decisions. The findings advocate for a more holistic approach to well-being measurement, encompassing both objective and subjective dimensions.

Date: 2024-01
New Economics Papers: this item is included in nep-eur and nep-hap
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